Congress initiated legislation considering the need for dynamic entrepreneurship for bolstering resiliency in the markets and the requirement for competitiveness against increasing dependence on China’s skilled workforce, particularly in STEM fields.
When interpreted in immigration terms, the bill does not involve increasing or accelerating the number of visa applications for high-skilled workers. Rather, the legislation includes a new visa category (W-visa) for foreign entrepreneurs of start-ups and allows foreign nationals who hold doctoral degrees in science, technology, engineering, and math, to be exempted from annual green card limits. The provision also provides for dual intent for those Ph.D. holders in STEM.
ONAL GALLANT & PARTNERS will continue to monitor the developments and keep you posted about further details regarding this initiative named Bipartisan Innovation Act by the joint House and Senate Bills.
Onal Gallant and Partners PC is a law office specializing in Real Estate Law, Intellectual Property, Corporate and Business Law, Immigration Law, and the US Visa Processes. We deliver reliable advice in a large variety of subjects ranging from forming a corporation, and buying a house in the US to trademark registration and Green Card applications (e.g., EB3 Visa or DV Lottery). With exceptional knowledge and insight into immigration law, our experienced lawyers at Onal Gallant and Partners PC are ready to help and respond to all of your inquiries.
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